I'm eating humble pie today, after my 16.5c close prediction yesterday.
But, just for the record.
The last time ADY's buyer/seller ratio was at this level, the share price topped 30c on the 10th of June 08.(Today, there are currently 1.64 buyers for each seller).
THIS IS NOT AN UP or DOWN RAMP.....I'M JUST STATING FACT.
On the 6/AUG/08 there were 3.4 SELLERS per BUYER for ADY.
It looks like there has been a healthy turnaround, with an increase in the number of buyers to ADY since the 6/AUG/08, AND no major drop offs, even after the past 2 days of trading.
Monday saw a max of 1.9 Buyers per seller at close, and yesterday (Tuesday) there were 1.63 buyers per seller at close.
Today we still have the same ratio of buyers to sellers as we had at close yesterday.
What do you think??
I'm eating humble pie today, after my 16.5c close prediction...
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